Is Churchton, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Churchton is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Churchton has remained a Seller's Market.

Key Takeaway

Churchton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Churchton, MD

How much do homes in Churchton, MD cost?

Median Sold Price

$449,500

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$61,394(+15.8%)

Key Takeaway

Homes in Churchton have sold for 15.8% more than they did a year ago.

Summary: The median home sold price in Churchton was $449,500 in October 2024, up 15.8% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $535K$298K
-44.3%
2 $173K$350K
+102.3%
3 $351.5K$447K
+27.2%
4 $437K$525K
+20.1%
5+ $858K$600K
-30.1%

Summary: Churchton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.3%, 2 bedroom homes increased by 102.3%, 3 bedroom homes increased by 27.2%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes decreased by 30.1%.

Median Sold Price Compared To Nearby Cities

Churchton
+15.8%
West River
-5.8%

Housing Supply in Churchton, MD

How many homes are available in Churchton, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
611+83.3%

Summary: The Churchton real estate market had 11 homes for sale in October 2024, a 83.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 33
0.0%
4 15
+400.0%
5+ 22
0.0%

Summary: The Churchton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 400%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Churchton, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Churchton in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Churchton, MD

How long does it take to sell a home in Churchton, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
158 Days21 Days-86.5%

Summary: Homes in Churchton had an average of 21 days on market in Oct 2024, down by 86.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Churchton are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Churchton; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Churchton, MD

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